Farther Finance Advisors LLC Has $192,000 Holdings in Landstar System, Inc. $LSTR

Farther Finance Advisors LLC cut its holdings in shares of Landstar System, Inc. (NASDAQ:LSTR) by 26.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,380 shares of the transportation company’s stock after selling 504 shares during the quarter. Farther Finance Advisors LLC’s holdings in Landstar System were worth $192,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of LSTR. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Landstar System by 8.5% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,083,704 shares of the transportation company’s stock worth $613,372,000 after buying an additional 319,101 shares during the last quarter. Reinhart Partners LLC. acquired a new position in shares of Landstar System in the first quarter valued at $42,887,000. Nuveen LLC acquired a new position in shares of Landstar System in the first quarter valued at $34,540,000. GAMMA Investing LLC raised its stake in shares of Landstar System by 13,120.0% in the first quarter. GAMMA Investing LLC now owns 67,290 shares of the transportation company’s stock valued at $10,107,000 after purchasing an additional 66,781 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Landstar System by 9.1% in the first quarter. Northern Trust Corp now owns 734,256 shares of the transportation company’s stock valued at $110,285,000 after purchasing an additional 61,477 shares in the last quarter. 97.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on LSTR shares. Stifel Nicolaus cut their target price on Landstar System from $140.00 to $131.00 and set a “hold” rating for the company in a research note on Thursday, July 31st. Barclays began coverage on Landstar System in a research note on Monday, June 9th. They issued an “equal weight” rating and a $145.00 target price for the company. Evercore ISI lowered their price target on Landstar System from $132.00 to $125.00 and set an “in-line” rating on the stock in a research report on Tuesday. UBS Group lowered their price target on Landstar System from $154.00 to $149.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 30th. Finally, Susquehanna set a $123.00 price target on Landstar System and gave the company a “neutral” rating in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Landstar System has a consensus rating of “Hold” and an average price target of $144.58.

Landstar System Stock Performance

Shares of NASDAQ:LSTR opened at $121.67 on Thursday. Landstar System, Inc. has a twelve month low of $119.32 and a twelve month high of $196.86. The firm has a market cap of $4.22 billion, a PE ratio of 25.51 and a beta of 0.82. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.00 and a current ratio of 2.00. The business has a fifty day moving average of $129.97 and a 200-day moving average of $136.67.

Landstar System (NASDAQ:LSTR) last announced its earnings results on Tuesday, July 29th. The transportation company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.04. Landstar System had a return on equity of 17.49% and a net margin of 3.51%.The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period last year, the company posted $1.48 earnings per share. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, equities research analysts predict that Landstar System, Inc. will post 6.1 EPS for the current fiscal year.

Landstar System Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Tuesday, August 19th were paid a $0.40 dividend. The ex-dividend date was Tuesday, August 19th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.3%. Landstar System’s dividend payout ratio (DPR) is 33.54%.

Landstar System Company Profile

Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. It operates through two segments: Transportation Logistics and Insurance. The Transportation Logistics segment offers a range of transportation services, including truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, U.S.-Canada and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project cargo, and customs brokerage, as well as offers transportation services to other transportation companies, such as third party logistics and less-than-truckload services.